May 6, 2020

VW sees multi-speed coronavirus rebound led by China

Volkswagen said demand in China was rebounding, thanks to customers who want to switch from public transport to personal vehicles, but warned sales would not recover […]
May 6, 2020

BMW cuts outlook, expects coronavirus impact to last all year

BMW AG on Wednesday said the impact of the coronavirus will likely hurt demand and profit throughout the year, forcing the German automaker to lower its […]
May 6, 2020

BMW to delay Hungary plant in coronavirus savings drive

BMW will put investments on hold as it seeks to conserve cash to counter a fall in demand caused by the spread of the coronavirus pandemic, […]
May 6, 2020

Hyundai Motor sales down 57% amid coronavirus pandemic

South Korea’s Hyundai Motor said on Wednesday its provisional April sales fell 57% on year to 159,079 vehicles globally, as the coronavirus pandemic and efforts to […]
May 6, 2020

Amber Capital: no plans to sell Lagardere stake and it may even raise it

The founder of activist investment company Amber Capital, which lost out this week in a bid to shake up the governance at French group Lagardere , […]
May 6, 2020

Virgin Money profits erased by coronavirus provision

Virgin Money swung to a first-half loss after setting aside 232 million pounds ($288 million) to handle loans likely to turn sour as a result of […]
May 6, 2020

Yum China keeps bets on dine-in, sticks to expansion plans after virus

Yum China is betting that Chinese consumers will still choose to dine-in in the aftermath of the coronavirus crisis and plans to open more Pizza Hut […]
May 6, 2020

BMW reports first-quarter profit rise as coronavirus saps demand

BMW AG on Wednesday reported a 133% rise in first-quarter operating profit, due to the absence of a one-off provision in the year-earlier period, but said […]
May 6, 2020

GM investors want to know how much more coronavirus pain remains

Investors want to know what kind of economic hit General Motors Co expects from the coronavirus pandemic as it moves forward, whether it needs to raise […]
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